{ "ticker": { "uuid": "1ece37d2-5b80-4d40-b564-9833ab097b9e", "symbol": "DHER", "name": "Delivery Hero SE", "exchange": "VIE", "country": "AT", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^ATX", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 63.101, "architecture_energy": 61.571, "architecture_maturity": 77.444, "architecture_confidence": 84.344, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 12.77, "rotation_up": 49.15, "upward_expansion": 83.0, "deceleration": 67.81, "rotation_down": 29.58, "downward_expansion": 12.0 }, "activity_lines": [ 37.592, 37.387454, 34.546071, 30.918086 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 37.169998, "trend_reference": 27.203667, "distance_from_trend": 0.36636, "trend_direction": "Improving", "fair_value": 26.617442, "distance_from_fair_value": 0.396453, "fair_value_direction": "Improving", "relative_strength": 22.142133, "relative_strength_direction": "Improving", "price_momentum": 0.560453, "excess_performance": 0.386207, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.36636, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.265287, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.396453, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.656103, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.221421, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.469134, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.560453, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 9.532317, "read": "Demand-led" } ], "volume": { "latest": 41, "relative_activity": 0.006673, "balance": 9.532317, "dry_up": 0.10409, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.072598, "annualized_volatility": 0.786462, "from_high_reference": -0.05636, "from_low_reference": 1.492122 }, "levels": { "trend_reference": 27.203667, "fair_value_reference": 26.617442, "structural_low": 14.915, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": -0.11207, "positive_rate": 0.1, "directional_follow_through": 0.1, "median_excess_return": -0.132552, "regime_survival": 0.5, "best_return": 0.064732, "worst_return": -0.254327, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.238675, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.280867, "regime_survival": 0.0, "best_return": 0.017662, "worst_return": -0.344497, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.27269, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.436358, "regime_survival": 0.0, "best_return": 0.265984, "worst_return": -0.641297, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.304112, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.396136, "regime_survival": 0.333333, "best_return": -0.16284, "worst_return": -0.645778, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-30", "end": "2024-10-11", "tenure": "Developing", "return": 0.375839, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-11-29", "tenure": "Developing", "return": -0.001294, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-01-03", "tenure": "Developing", "return": -0.227679, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-02-14", "tenure": "Developing", "return": 0.082221, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-21", "end": "2025-02-21", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-07-18", "tenure": "Established", "return": -0.20419, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-11-07", "tenure": "Established", "return": -0.337407, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-01-02", "tenure": "Developing", "return": 0.350266, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-09", "end": "2026-01-16", "tenure": "New", "return": 0.075233, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.211081, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": -0.088797, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-05-08", "tenure": "Developing", "return": 0.184234, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": 0.153531, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.001077, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 35.459999, "volume": 80, "typical_volume": 393.0, "trend": 38.220167, "fair_value": 74.009711, "relative_strength": -9.786124, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.70112, "energy": 11.815479, "activity_lines": [ 37.845667, 38.676909, 38.230405, 37.53472 ] }, { "date": "2023-08-25", "close": 34.490002, "volume": 45, "typical_volume": 391.75, "trend": 37.5385, "fair_value": 73.653878, "relative_strength": -11.298034, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.438295, "energy": 29.600983, "activity_lines": [ 36.439334, 37.928727, 37.958524, 37.294065 ] }, { "date": "2023-09-01", "close": 33.59, "volume": 0, "typical_volume": 387.75, "trend": 36.790167, "fair_value": 73.313429, "relative_strength": -15.085937, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.297805, "energy": 34.346629, "activity_lines": [ 35.133334, 37.055637, 37.581167, 37.039323 ] }, { "date": "2023-09-08", "close": 30.35, "volume": 2500, "typical_volume": 495.6, "trend": 36.286167, "fair_value": 72.927468, "relative_strength": -21.777681, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.933691, "energy": 62.912427, "activity_lines": [ 33.243334, 35.615, 36.888619, 36.623828 ] }, { "date": "2023-09-15", "close": 30.799999, "volume": 0, "typical_volume": 475.4, "trend": 35.966167, "fair_value": 72.542853, "relative_strength": -20.908243, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.382061, "energy": 68.06724, "activity_lines": [ 32.040667, 34.435818, 36.253786, 36.269882 ] }, { "date": "2023-09-22", "close": 30.184999, "volume": 0, "typical_volume": 461.9, "trend": 35.730333, "fair_value": 72.1125, "relative_strength": -21.351295, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.432826, "energy": 69.806811, "activity_lines": [ 31.123, 33.301909, 35.5855, 35.896903 ] }, { "date": "2023-09-29", "close": 27.139999, "volume": 255, "typical_volume": 450.7, "trend": 35.363667, "fair_value": 71.654551, "relative_strength": -28.85266, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.616348, "energy": 88.178583, "activity_lines": [ 29.541999, 31.819, 34.671666, 35.342688 ] }, { "date": "2023-10-06", "close": 27.690001, "volume": 990, "typical_volume": 500.2, "trend": 35.095333, "fair_value": 71.214872, "relative_strength": -25.753891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.646871, "energy": 86.224033, "activity_lines": [ 28.634333, 30.678909, 33.868619, 34.847613 ] }, { "date": "2023-10-13", "close": 27.290001, "volume": 382, "typical_volume": 509.3, "trend": 34.98, "fair_value": 70.729551, "relative_strength": -27.119958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.975997, "energy": 86.257315, "activity_lines": [ 27.986667, 29.708636, 33.084905, 34.344043 ] }, { "date": "2023-10-20", "close": 24.504999, "volume": 0, "typical_volume": 509.3, "trend": 34.8055, "fair_value": 70.292788, "relative_strength": -31.64605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.462932, "energy": 91.801308, "activity_lines": [ 26.614667, 28.434182, 32.085071, 33.668236 ] }, { "date": "2023-10-27", "close": 23.665001, "volume": 0, "typical_volume": 495.4, "trend": 34.553333, "fair_value": 69.809359, "relative_strength": -33.332241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.165409, "energy": 90.143075, "activity_lines": [ 25.382334, 27.255091, 31.063381, 32.949495 ] }, { "date": "2023-11-03", "close": 27.504999, "volume": 289, "typical_volume": 477.45, "trend": 34.458833, "fair_value": 69.272211, "relative_strength": -26.195985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.559409, "energy": 72.682339, "activity_lines": [ 25.864667, 26.988636, 30.465024, 32.494763 ] }, { "date": "2023-11-10", "close": 27.299999, "volume": 0, "typical_volume": 477.45, "trend": 34.2955, "fair_value": 68.807468, "relative_strength": -26.465141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.325417, "energy": 60.109798, "activity_lines": [ 26.254333, 26.811909, 29.890547, 32.032903 ] }, { "date": "2023-11-17", "close": 32.959999, "volume": 779, "typical_volume": 483.25, "trend": 34.2785, "fair_value": 68.370032, "relative_strength": -12.61063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.412257, "energy": 32.0585, "activity_lines": [ 28.556666, 27.778636, 29.890714, 31.946742 ] }, { "date": "2023-11-24", "close": 31.945, "volume": 0, "typical_volume": 483.25, "trend": 34.140833, "fair_value": 67.94032, "relative_strength": -14.396638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.514187, "energy": 29.16324, "activity_lines": [ 30.142666, 28.513363, 29.828833, 31.796193 ] }, { "date": "2023-12-01", "close": 29.385, "volume": 663, "typical_volume": 511.9, "trend": 33.803, "fair_value": 67.484455, "relative_strength": -22.161821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.159753, "energy": 28.498536, "activity_lines": [ 30.379333, 28.761818, 29.558833, 31.489365 ] }, { "date": "2023-12-08", "close": 31.455, "volume": 0, "typical_volume": 411.9, "trend": 33.538, "fair_value": 66.987372, "relative_strength": -16.355828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.656516, "energy": 26.87488, "activity_lines": [ 30.924666, 29.401182, 29.543381, 31.337882 ] }, { "date": "2023-12-15", "close": 30.469999, "volume": 0, "typical_volume": 311.9, "trend": 33.228666, "fair_value": 66.405128, "relative_strength": -19.611252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.987695, "energy": 16.767395, "activity_lines": [ 30.878333, 29.783, 29.477166, 31.139946 ] }, { "date": "2023-12-22", "close": 25.665001, "volume": 0, "typical_volume": 299.15, "trend": 32.830666, "fair_value": 65.808429, "relative_strength": -32.223846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.91395, "energy": 29.33299, "activity_lines": [ 29.019, 29.240636, 29.003619, 30.651968 ] }, { "date": "2023-12-29", "close": 24.6, "volume": 0, "typical_volume": 299.15, "trend": 32.426833, "fair_value": 65.14625, "relative_strength": -34.736728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.08498, "energy": 46.283663, "activity_lines": [ 27.291, 28.534182, 28.489333, 30.120957 ] }, { "date": "2024-01-05", "close": 24.135, "volume": 410, "typical_volume": 315.65, "trend": 32.039167, "fair_value": 64.433013, "relative_strength": -35.110965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.153765, "energy": 75.6272, "activity_lines": [ 25.897667, 27.741454, 27.995286, 29.586 ] }, { "date": "2024-01-12", "close": 23.825001, "volume": 410, "typical_volume": 333.9, "trend": 31.612667, "fair_value": 63.772596, "relative_strength": -34.398889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.056137, "energy": 81.713219, "activity_lines": [ 24.751, 26.883818, 27.525643, 29.056054 ] }, { "date": "2024-01-19", "close": 21.545, "volume": 0, "typical_volume": 333.9, "trend": 31.171667, "fair_value": 63.042436, "relative_strength": -38.717628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.102036, "energy": 89.147103, "activity_lines": [ 23.353, 25.678546, 26.889643, 28.406527 ] }, { "date": "2024-01-26", "close": 23.465, "volume": 35, "typical_volume": 210.65, "trend": 30.612833, "fair_value": 62.388045, "relative_strength": -34.26164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.004472, "energy": 79.603878, "activity_lines": [ 23.19, 24.927, 26.493857, 27.909323 ] }, { "date": "2024-02-02", "close": 16.584, "volume": 6063, "typical_volume": 513.8, "trend": 29.850967, "fair_value": 61.646917, "relative_strength": -52.294696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.298947, "energy": 92.938282, "activity_lines": [ 20.88, 23.097, 25.475524, 27.004237 ] }, { "date": "2024-02-09", "close": 18.562, "volume": 2973, "typical_volume": 662.45, "trend": 29.088367, "fair_value": 60.92007, "relative_strength": -44.492917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.050507, "energy": 87.134998, "activity_lines": [ 19.763733, 21.905927, 24.713267, 26.275916 ] }, { "date": "2024-02-16", "close": 22.504999, "volume": 1070, "typical_volume": 703.2, "trend": 28.4887, "fair_value": 60.272026, "relative_strength": -33.005008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.990435, "energy": 61.25033, "activity_lines": [ 20.333333, 21.628545, 24.381881, 25.851183 ] }, { "date": "2024-02-23", "close": 22.145, "volume": 0, "typical_volume": 653.7, "trend": 27.8592, "fair_value": 59.736417, "relative_strength": -33.097373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.971322, "energy": 57.296363, "activity_lines": [ 20.870933, 21.448436, 24.038281, 25.441912 ] }, { "date": "2024-03-01", "close": 22.014999, "volume": 0, "typical_volume": 634.6, "trend": 27.3127, "fair_value": 59.218885, "relative_strength": -32.804127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.60829, "energy": 45.87857, "activity_lines": [ 21.325199, 21.396054, 23.708705, 25.064867 ] }, { "date": "2024-03-08", "close": 23.315001, "volume": 103, "typical_volume": 639.75, "trend": 26.8182, "fair_value": 58.682763, "relative_strength": -28.341989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.404886, "energy": 26.423063, "activity_lines": [ 22.309467, 21.6464, 23.528057, 24.80695 ] }, { "date": "2024-03-15", "close": 26.629999, "volume": 250, "typical_volume": 652.25, "trend": 26.523867, "fair_value": 58.150263, "relative_strength": -18.580987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.357815, "energy": 20.28387, "activity_lines": [ 23.95, 22.522836, 23.66879, 24.794808 ] }, { "date": "2024-03-22", "close": 26.85, "volume": 410, "typical_volume": 658.3, "trend": 26.2692, "fair_value": 57.610199, "relative_strength": -19.654779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.688353, "energy": 21.34273, "activity_lines": [ 25.126, 23.393909, 23.816357, 24.815849 ] }, { "date": "2024-03-29", "close": 26.719999, "volume": 0, "typical_volume": 658.3, "trend": 26.0402, "fair_value": 57.044942, "relative_strength": -20.518788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.770539, "energy": 27.749783, "activity_lines": [ 25.969, 24.186345, 23.954662, 24.844933 ] }, { "date": "2024-04-05", "close": 32.080002, "volume": 413, "typical_volume": 640.0, "trend": 26.097867, "fair_value": 56.481673, "relative_strength": -5.303872, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 50.57759, "energy": 55.825794, "activity_lines": [ 28.293667, 25.859236, 24.606205, 25.234598 ] }, { "date": "2024-04-12", "close": 31.549999, "volume": 0, "typical_volume": 640.0, "trend": 26.122867, "fair_value": 55.86116, "relative_strength": -6.368403, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.895125, "energy": 70.260155, "activity_lines": [ 29.770667, 27.279127, 25.211462, 25.586348 ] }, { "date": "2024-04-19", "close": 28.370001, "volume": 0, "typical_volume": 606.85, "trend": 26.062367, "fair_value": 55.215135, "relative_strength": -14.99095, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.068253, "energy": 61.935413, "activity_lines": [ 29.638667, 27.848727, 25.515743, 25.731325 ] }, { "date": "2024-04-26", "close": 25.91, "volume": 0, "typical_volume": 606.85, "trend": 26.021367, "fair_value": 54.530263, "relative_strength": -22.010217, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.660539, "energy": 40.610208, "activity_lines": [ 28.570667, 27.792727, 25.590571, 25.721495 ] }, { "date": "2024-05-03", "close": 27.18, "volume": 368, "typical_volume": 625.25, "trend": 26.004367, "fair_value": 53.934622, "relative_strength": -18.36889, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.384312, "energy": 26.58022, "activity_lines": [ 27.988667, 27.905727, 25.812757, 25.796245 ] }, { "date": "2024-05-10", "close": 25.17, "volume": 75, "typical_volume": 629.0, "trend": 25.9337, "fair_value": 53.424814, "relative_strength": -25.504226, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 1.527056, "energy": 11.840073, "activity_lines": [ 26.706, 27.561727, 25.859181, 25.742415 ] }, { "date": "2024-05-17", "close": 31.77, "volume": 20, "typical_volume": 630.0, "trend": 26.175867, "fair_value": 52.961481, "relative_strength": -6.77057, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 33.972722, "energy": 19.798927, "activity_lines": [ 28.084, 28.360364, 26.536533, 26.118951 ] }, { "date": "2024-05-24", "close": 29.870001, "volume": 0, "typical_volume": 609.5, "trend": 26.3827, "fair_value": 52.451673, "relative_strength": -11.480603, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 32.549486, "energy": 26.537725, "activity_lines": [ 28.814, 28.659818, 26.998791, 26.357282 ] }, { "date": "2024-05-31", "close": 27.940001, "volume": 0, "typical_volume": 589.0, "trend": 26.3972, "fair_value": 51.917635, "relative_strength": -15.133847, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.458256, "energy": 32.884134, "activity_lines": [ 28.800667, 28.549455, 27.249929, 26.457753 ] }, { "date": "2024-06-07", "close": 28.309999, "volume": 0, "typical_volume": 589.0, "trend": 26.430867, "fair_value": 51.386289, "relative_strength": -12.63905, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.613159, "energy": 39.543732, "activity_lines": [ 28.775333, 28.486546, 27.51671, 26.581159 ] }, { "date": "2024-06-14", "close": 27.82, "volume": 100, "typical_volume": 592.25, "trend": 26.259533, "fair_value": 50.862378, "relative_strength": -10.428066, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.113658, "energy": 27.795683, "activity_lines": [ 28.511333, 28.305636, 27.70461, 26.670781 ] }, { "date": "2024-06-21", "close": 25.700001, "volume": 0, "typical_volume": 289.1, "trend": 26.051367, "fair_value": 50.331609, "relative_strength": -17.810999, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.366539, "energy": 14.952252, "activity_lines": [ 27.364, 27.816728, 27.669867, 26.634682 ] }, { "date": "2024-06-28", "close": 22.24, "volume": 0, "typical_volume": 140.45, "trend": 25.8132, "fair_value": 49.723212, "relative_strength": -28.18287, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -32.320932, "energy": 28.636615, "activity_lines": [ 25.468, 26.805091, 27.262191, 26.388787 ] }, { "date": "2024-07-05", "close": 21.110001, "volume": 391, "typical_volume": 106.5, "trend": 25.468367, "fair_value": 49.074558, "relative_strength": -32.601052, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -42.101249, "energy": 57.512708, "activity_lines": [ 23.704, 25.699455, 26.729381, 26.085355 ] }, { "date": "2024-07-12", "close": 20.790001, "volume": 943, "typical_volume": 153.65, "trend": 25.1457, "fair_value": 48.42866, "relative_strength": -32.428517, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.523461, "energy": 66.201236, "activity_lines": [ 22.288667, 24.62291, 26.172738, 25.783525 ] }, { "date": "2024-07-19", "close": 19.475, "volume": 809, "typical_volume": 194.1, "trend": 24.939367, "fair_value": 47.729462, "relative_strength": -35.008071, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.192638, "energy": 73.234206, "activity_lines": [ 20.936334, 23.423455, 25.49731, 25.417673 ] }, { "date": "2024-07-26", "close": 19.360001, "volume": 0, "typical_volume": 188.95, "trend": 24.7647, "fair_value": 47.054846, "relative_strength": -34.229584, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.133154, "energy": 78.82954, "activity_lines": [ 20.102001, 22.306637, 24.823024, 25.057714 ] }, { "date": "2024-08-02", "close": 19.459999, "volume": 0, "typical_volume": 176.45, "trend": 24.608867, "fair_value": 46.336, "relative_strength": -30.091755, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.129849, "energy": 75.801223, "activity_lines": [ 19.723667, 21.433637, 24.177096, 24.715475 ] }, { "date": "2024-08-09", "close": 21.360001, "volume": 4225, "typical_volume": 367.2, "trend": 24.5267, "fair_value": 45.721, "relative_strength": -22.855574, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.690474, "energy": 71.411859, "activity_lines": [ 20.164, 21.095364, 23.746262, 24.505871 ] }, { "date": "2024-08-16", "close": 21.360001, "volume": 0, "typical_volume": 367.2, "trend": 24.520533, "fair_value": 45.113051, "relative_strength": -23.212601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.461335, "energy": 60.507568, "activity_lines": [ 20.587667, 20.876728, 23.341572, 24.301568 ] }, { "date": "2024-08-23", "close": 24.5, "volume": 175, "typical_volume": 355.3, "trend": 24.555034, "fair_value": 44.501833, "relative_strength": -12.427674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.666124, "energy": 31.638261, "activity_lines": [ 22.02, 21.355364, 23.261453, 24.300243 ] }, { "date": "2024-08-30", "close": 28.309999, "volume": 4, "typical_volume": 355.5, "trend": 24.9459, "fair_value": 43.8535, "relative_strength": 0.866095, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 1.701489, "energy": 22.731198, "activity_lines": [ 24.387333, 22.587091, 23.580286, 24.542499 ] }, { "date": "2024-09-06", "close": 28.809999, "volume": 439, "typical_volume": 377.45, "trend": 25.2875, "fair_value": 43.189462, "relative_strength": 7.348012, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.97775, "energy": 40.850315, "activity_lines": [ 26.324666, 23.862273, 23.962167, 24.791796 ] }, { "date": "2024-09-13", "close": 27.0, "volume": 7497, "typical_volume": 752.3, "trend": 25.437333, "fair_value": 42.561577, "relative_strength": 0.570378, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.350526, "energy": 41.131914, "activity_lines": [ 27.035333, 24.688909, 24.169572, 24.90228 ] }, { "date": "2024-09-20", "close": 30.25, "volume": 0, "typical_volume": 733.9, "trend": 25.7075, "fair_value": 41.986897, "relative_strength": 12.626099, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.318714, "energy": 54.991692, "activity_lines": [ 28.453333, 25.999364, 24.68131, 25.212774 ] }, { "date": "2024-09-27", "close": 35.48, "volume": 220, "typical_volume": 741.15, "trend": 26.156334, "fair_value": 41.512731, "relative_strength": 30.534229, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.39405, "energy": 80.833126, "activity_lines": [ 31.022, 28.088727, 25.676524, 25.843258 ] }, { "date": "2024-10-04", "close": 38.389999, "volume": 0, "typical_volume": 740.15, "trend": 26.658833, "fair_value": 41.069718, "relative_strength": 42.105253, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 67.067876, "energy": 87.588416, "activity_lines": [ 33.828666, 30.416182, 26.899786, 26.632527 ] }, { "date": "2024-10-11", "close": 38.950001, "volume": 282, "typical_volume": 754.25, "trend": 27.0695, "fair_value": 40.585744, "relative_strength": 43.182973, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 88.610185, "energy": 95.703554, "activity_lines": [ 36.15, 32.499454, 28.144857, 27.425505 ] }, { "date": "2024-10-18", "close": 38.630001, "volume": 100, "typical_volume": 759.25, "trend": 27.462167, "fair_value": 40.094269, "relative_strength": 40.585964, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.320078, "energy": 91.452579, "activity_lines": [ 37.688667, 34.170182, 29.316214, 28.171344 ] }, { "date": "2024-10-25", "close": 41.060001, "volume": 0, "typical_volume": 759.25, "trend": 27.940167, "fair_value": 39.668692, "relative_strength": 49.897032, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.165692, "energy": 93.625408, "activity_lines": [ 39.262001, 35.968728, 30.668095, 29.048624 ] }, { "date": "2024-11-01", "close": 39.810001, "volume": 30, "typical_volume": 755.75, "trend": 28.197834, "fair_value": 39.2335, "relative_strength": 46.603548, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.40921, "energy": 86.007031, "activity_lines": [ 39.698001, 37.181819, 31.840215, 29.81442 ] }, { "date": "2024-11-08", "close": 37.310001, "volume": 0, "typical_volume": 755.75, "trend": 28.389834, "fair_value": 38.715936, "relative_strength": 35.887667, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.355829, "energy": 66.086654, "activity_lines": [ 39.012001, 37.662001, 32.717143, 30.402301 ] }, { "date": "2024-11-15", "close": 37.400002, "volume": 0, "typical_volume": 755.75, "trend": 28.690834, "fair_value": 38.131962, "relative_strength": 35.844277, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.386699, "energy": 61.446239, "activity_lines": [ 38.428001, 37.99491, 33.547358, 30.983603 ] }, { "date": "2024-11-22", "close": 38.509998, "volume": 60, "typical_volume": 739.2, "trend": 29.110834, "fair_value": 37.633308, "relative_strength": 40.417326, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.183, "energy": 52.029497, "activity_lines": [ 38.317334, 38.373455, 34.411096, 31.617097 ] }, { "date": "2024-11-29", "close": 38.580002, "volume": 282, "typical_volume": 706.15, "trend": 29.490834, "fair_value": 37.222923, "relative_strength": 39.703229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.973712, "energy": 48.581194, "activity_lines": [ 38.238001, 38.555455, 35.198643, 32.228011 ] }, { "date": "2024-12-06", "close": 35.84, "volume": 3091, "typical_volume": 820.25, "trend": 29.8465, "fair_value": 36.785359, "relative_strength": 28.005365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.28711, "energy": 38.897951, "activity_lines": [ 37.410667, 38.087819, 35.640524, 32.637635 ] }, { "date": "2024-12-13", "close": 32.16, "volume": 564, "typical_volume": 848.45, "trend": 29.8595, "fair_value": 36.404333, "relative_strength": 12.90422, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.976091, "energy": 21.689368, "activity_lines": [ 35.621334, 36.944546, 35.654, 32.786893 ] }, { "date": "2024-12-20", "close": 28.58, "volume": 0, "typical_volume": 848.45, "trend": 29.8165, "fair_value": 35.957923, "relative_strength": 1.856981, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.481005, "energy": 21.074558, "activity_lines": [ 32.982, 35.263637, 35.265572, 32.704344 ] }, { "date": "2024-12-27", "close": 27.0, "volume": 0, "typical_volume": 637.2, "trend": 29.785167, "fair_value": 35.503949, "relative_strength": -4.923552, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -20.850371, "energy": 38.771604, "activity_lines": [ 30.404, 33.484, 34.683238, 32.522635 ] }, { "date": "2025-01-03", "close": 27.68, "volume": 591, "typical_volume": 666.75, "trend": 29.764167, "fair_value": 35.136, "relative_strength": -3.202698, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.439557, "energy": 51.045242, "activity_lines": [ 28.82, 32.039455, 34.13881, 32.386817 ] }, { "date": "2025-01-10", "close": 27.73, "volume": 300, "typical_volume": 673.0, "trend": 29.761167, "fair_value": 34.8085, "relative_strength": -3.184167, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.915968, "energy": 66.534191, "activity_lines": [ 27.979333, 30.847273, 33.569048, 32.255581 ] }, { "date": "2025-01-17", "close": 29.41, "volume": 1440, "typical_volume": 744.8, "trend": 29.884834, "fair_value": 34.516385, "relative_strength": -1.146219, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.984569, "energy": 63.275501, "activity_lines": [ 28.239333, 30.180182, 33.143905, 32.232925 ] }, { "date": "2025-01-24", "close": 25.6, "volume": 705, "typical_volume": 758.1, "trend": 29.996834, "fair_value": 34.274333, "relative_strength": -15.373101, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.333371, "energy": 57.747974, "activity_lines": [ 27.412667, 28.964, 32.350667, 31.956484 ] }, { "date": "2025-01-31", "close": 25.15, "volume": 3632, "typical_volume": 564.85, "trend": 30.1315, "fair_value": 34.016705, "relative_strength": -17.613126, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.095559, "energy": 50.721357, "activity_lines": [ 26.634667, 27.880545, 31.529857, 31.643785 ] }, { "date": "2025-02-07", "close": 25.370001, "volume": 2960, "typical_volume": 712.85, "trend": 30.284167, "fair_value": 33.895103, "relative_strength": -17.419023, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.171787, "energy": 56.358372, "activity_lines": [ 26.053334, 27.08, 30.73881, 31.336592 ] }, { "date": "2025-02-14", "close": 30.01, "volume": 2354, "typical_volume": 819.55, "trend": 30.635334, "fair_value": 33.784077, "relative_strength": -7.372602, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.955253, "energy": 40.797775, "activity_lines": [ 27.172667, 27.363273, 30.412905, 31.318903 ] }, { "date": "2025-02-21", "close": 27.4, "volume": 2911, "typical_volume": 965.1, "trend": 30.903334, "fair_value": 33.682474, "relative_strength": -14.743501, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.720807, "energy": 33.154638, "activity_lines": [ 27.27, 27.278, 29.864476, 31.110172 ] }, { "date": "2025-02-28", "close": 28.16, "volume": 1139, "typical_volume": 1007.95, "trend": 31.193334, "fair_value": 33.60209, "relative_strength": -14.53001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.34652, "energy": 30.200703, "activity_lines": [ 27.754667, 27.417455, 29.440762, 30.933183 ] }, { "date": "2025-03-07", "close": 28.82, "volume": 713, "typical_volume": 1038.6, "trend": 31.442, "fair_value": 33.529269, "relative_strength": -15.399605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.609397, "energy": 24.507026, "activity_lines": [ 28.288667, 27.684546, 29.131286, 30.780065 ] }, { "date": "2025-03-14", "close": 24.309999, "volume": 1216, "typical_volume": 1099.4, "trend": 31.540333, "fair_value": 33.397795, "relative_strength": -28.383186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.045654, "energy": 42.819139, "activity_lines": [ 27.074666, 27.098545, 28.439, 30.319936 ] }, { "date": "2025-03-21", "close": 24.110001, "volume": 742, "typical_volume": 1135.0, "trend": 31.527334, "fair_value": 33.313757, "relative_strength": -27.981141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.793516, "energy": 58.423011, "activity_lines": [ 25.864667, 26.537455, 27.807429, 29.840559 ] }, { "date": "2025-03-28", "close": 22.780001, "volume": 371, "typical_volume": 1153.55, "trend": 31.343, "fair_value": 33.192154, "relative_strength": -30.231099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.397785, "energy": 75.769022, "activity_lines": [ 24.604667, 25.800364, 27.123953, 29.276215 ] }, { "date": "2025-04-04", "close": 21.67, "volume": 853, "typical_volume": 1196.2, "trend": 31.105, "fair_value": 33.067539, "relative_strength": -25.753166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.298487, "energy": 84.200393, "activity_lines": [ 23.282667, 24.982, 26.403953, 28.652151 ] }, { "date": "2025-04-11", "close": 22.51, "volume": 1281, "typical_volume": 1257.25, "trend": 30.955334, "fair_value": 32.980231, "relative_strength": -21.358341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.641059, "energy": 78.520899, "activity_lines": [ 22.673334, 24.387818, 25.838857, 28.097635 ] }, { "date": "2025-04-18", "close": 23.58, "volume": 0, "typical_volume": 1243.15, "trend": 30.733, "fair_value": 32.921705, "relative_strength": -21.432846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.101882, "energy": 62.921345, "activity_lines": [ 22.841334, 24.036182, 25.451857, 27.621807 ] }, { "date": "2025-04-25", "close": 25.9, "volume": 3335, "typical_volume": 1255.35, "trend": 30.413667, "fair_value": 32.871257, "relative_strength": -16.600569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.948224, "energy": 45.152121, "activity_lines": [ 23.831333, 24.138909, 25.357238, 27.31 ] }, { "date": "2025-05-02", "close": 25.870001, "volume": 1089, "typical_volume": 1281.6, "trend": 29.996334, "fair_value": 32.845744, "relative_strength": -17.61186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.926093, "energy": 27.507947, "activity_lines": [ 24.692, 24.310909, 25.307095, 27.01686 ] }, { "date": "2025-05-09", "close": 25.85, "volume": 500, "typical_volume": 1306.6, "trend": 29.559667, "fair_value": 32.826898, "relative_strength": -21.150336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.648978, "energy": 20.738489, "activity_lines": [ 25.34, 24.507091, 25.285, 26.749355 ] }, { "date": "2025-05-16", "close": 25.950001, "volume": 1128, "typical_volume": 1363.0, "trend": 29.137, "fair_value": 32.804462, "relative_strength": -22.603211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.398734, "energy": 21.976839, "activity_lines": [ 25.742667, 24.763455, 25.285429, 26.516473 ] }, { "date": "2025-05-23", "close": 24.370001, "volume": 1756, "typical_volume": 1421.25, "trend": 28.580667, "fair_value": 32.742154, "relative_strength": -25.958006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.80067, "energy": 19.43912, "activity_lines": [ 25.389334, 24.784728, 25.140381, 26.208925 ] }, { "date": "2025-05-30", "close": 24.32, "volume": 277, "typical_volume": 1420.1, "trend": 28.064334, "fair_value": 32.664205, "relative_strength": -26.439701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.854142, "energy": 19.225779, "activity_lines": [ 24.966667, 24.795819, 25.006334, 25.934043 ] }, { "date": "2025-06-06", "close": 23.700001, "volume": 2641, "typical_volume": 1480.15, "trend": 27.610667, "fair_value": 32.573116, "relative_strength": -28.227022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.651835, "energy": 29.8509, "activity_lines": [ 24.442667, 24.690364, 24.829477, 25.652473 ] }, { "date": "2025-06-13", "close": 22.17, "volume": 459, "typical_volume": 1467.85, "trend": 27.103, "fair_value": 32.492603, "relative_strength": -30.915007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.383966, "energy": 49.759956, "activity_lines": [ 23.553334, 24.29, 24.534096, 25.301463 ] }, { "date": "2025-06-20", "close": 21.18, "volume": 898, "typical_volume": 1331.15, "trend": 26.525334, "fair_value": 32.375359, "relative_strength": -33.294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.053298, "energy": 67.932859, "activity_lines": [ 22.579334, 23.700546, 24.160762, 24.919334 ] }, { "date": "2025-06-27", "close": 22.309999, "volume": 0, "typical_volume": 1183.15, "trend": 25.983, "fair_value": 32.276321, "relative_strength": -30.872484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.766841, "energy": 65.519385, "activity_lines": [ 22.3, 23.340727, 23.913953, 24.647377 ] }, { "date": "2025-07-04", "close": 22.969999, "volume": 0, "typical_volume": 1065.45, "trend": 25.554, "fair_value": 32.180295, "relative_strength": -28.181099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.320585, "energy": 59.889959, "activity_lines": [ 22.377999, 23.124, 23.744572, 24.452989 ] }, { "date": "2025-07-11", "close": 24.49, "volume": 5, "typical_volume": 920.15, "trend": 25.298333, "fair_value": 32.104782, "relative_strength": -25.08781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.43489, "energy": 33.069945, "activity_lines": [ 23.052666, 23.236909, 23.753476, 24.384344 ] }, { "date": "2025-07-18", "close": 22.41, "volume": 1796, "typical_volume": 953.0, "trend": 25.092667, "fair_value": 31.969398, "relative_strength": -31.429645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.780884, "energy": 28.798246, "activity_lines": [ 22.981333, 22.996727, 23.578143, 24.198 ] }, { "date": "2025-07-25", "close": 27.0, "volume": 2826, "typical_volume": 1058.65, "trend": 25.092667, "fair_value": 31.84241, "relative_strength": -19.144257, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.531773, "energy": 10.339789, "activity_lines": [ 24.424, 23.653636, 23.867333, 24.321054 ] }, { "date": "2025-08-01", "close": 25.440001, "volume": 2, "typical_volume": 997.95, "trend": 25.018, "fair_value": 31.684077, "relative_strength": -21.831899, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.419895, "energy": 18.197281, "activity_lines": [ 24.958667, 24.007818, 24.016619, 24.343463 ] }, { "date": "2025-08-08", "close": 25.98, "volume": 469, "typical_volume": 984.3, "trend": 24.959667, "fair_value": 31.528564, "relative_strength": -24.53403, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.710558, "energy": 23.572413, "activity_lines": [ 25.464667, 24.440727, 24.211952, 24.405527 ] }, { "date": "2025-08-15", "close": 23.120001, "volume": 2468, "typical_volume": 1089.15, "trend": 24.75, "fair_value": 31.351769, "relative_strength": -34.385212, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.019766, "energy": 13.482039, "activity_lines": [ 24.816667, 24.323455, 24.126, 24.286839 ] }, { "date": "2025-08-22", "close": 24.16, "volume": 0, "typical_volume": 1046.5, "trend": 24.702, "fair_value": 31.235295, "relative_strength": -30.282825, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.6901, "energy": 9.627569, "activity_lines": [ 24.606667, 24.405818, 24.137476, 24.248774 ] }, { "date": "2025-08-29", "close": 22.58, "volume": 985, "typical_volume": 1031.7, "trend": 24.616334, "fair_value": 31.114526, "relative_strength": -31.926275, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.073007, "energy": 19.063803, "activity_lines": [ 23.753334, 24.164727, 23.986619, 24.111871 ] }, { "date": "2025-09-05", "close": 25.040001, "volume": 0, "typical_volume": 1031.7, "trend": 24.605334, "fair_value": 30.960039, "relative_strength": -23.704612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.365963, "energy": 14.329182, "activity_lines": [ 24.014667, 24.345455, 24.069715, 24.139205 ] }, { "date": "2025-09-12", "close": 26.42, "volume": 600, "typical_volume": 894.95, "trend": 24.485667, "fair_value": 30.84568, "relative_strength": -19.982216, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.120328, "energy": 13.406033, "activity_lines": [ 24.762667, 24.727455, 24.277286, 24.25628 ] }, { "date": "2025-09-19", "close": 27.83, "volume": 3345, "typical_volume": 1007.75, "trend": 24.5, "fair_value": 30.777987, "relative_strength": -14.817954, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.607079, "energy": 39.094024, "activity_lines": [ 25.951334, 25.303091, 24.616667, 24.472043 ] }, { "date": "2025-09-26", "close": 24.389999, "volume": 1102, "typical_volume": 1037.85, "trend": 24.374333, "fair_value": 30.688692, "relative_strength": -24.837967, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.099902, "energy": 41.176538, "activity_lines": [ 25.679333, 25.192546, 24.619095, 24.464946 ] }, { "date": "2025-10-03", "close": 25.17, "volume": 619, "typical_volume": 1012.4, "trend": 24.252667, "fair_value": 30.613308, "relative_strength": -22.970634, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.743812, "energy": 39.826485, "activity_lines": [ 25.652, 25.187818, 24.702762, 24.51628 ] }, { "date": "2025-10-10", "close": 24.25, "volume": 796, "typical_volume": 964.4, "trend": 24.250667, "fair_value": 30.564141, "relative_strength": -23.15345, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.089254, "energy": 21.699865, "activity_lines": [ 25.145333, 25.049091, 24.702524, 24.516108 ] }, { "date": "2025-10-17", "close": 23.15, "volume": 1634, "typical_volume": 1032.25, "trend": 24.218667, "fair_value": 30.492282, "relative_strength": -24.015155, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 11.628339, "energy": 12.158864, "activity_lines": [ 24.324667, 24.732, 24.598095, 24.445097 ] }, { "date": "2025-10-24", "close": 22.75, "volume": 628, "typical_volume": 931.6, "trend": 24.217667, "fair_value": 30.429141, "relative_strength": -25.313358, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.248259, "energy": 21.200394, "activity_lines": [ 23.588667, 24.393636, 24.461143, 24.350344 ] }, { "date": "2025-10-31", "close": 22.030001, "volume": 0, "typical_volume": 908.65, "trend": 24.229667, "fair_value": 30.34241, "relative_strength": -28.398304, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -39.046199, "energy": 42.047843, "activity_lines": [ 22.951334, 23.931091, 24.260143, 24.209204 ] }, { "date": "2025-11-07", "close": 17.889999, "volume": 2976, "typical_volume": 1012.55, "trend": 24.075667, "fair_value": 30.167218, "relative_strength": -39.976945, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -86.69527, "energy": 79.242827, "activity_lines": [ 21.091333, 22.754545, 23.665524, 23.800194 ] }, { "date": "2025-11-14", "close": 16.93, "volume": 12927, "typical_volume": 1658.9, "trend": 23.854, "fair_value": 29.99318, "relative_strength": -43.132747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.097225, "energy": 87.815889, "activity_lines": [ 19.396667, 21.488727, 22.995143, 23.339183 ] }, { "date": "2025-11-21", "close": 15.785, "volume": 3905, "typical_volume": 1854.15, "trend": 23.516833, "fair_value": 29.834558, "relative_strength": -44.955362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.160865, "energy": 93.336723, "activity_lines": [ 17.808333, 20.162182, 22.241333, 22.818602 ] }, { "date": "2025-11-28", "close": 20.27, "volume": 5486, "typical_volume": 2128.2, "trend": 23.330167, "fair_value": 29.689173, "relative_strength": -30.907009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.910856, "energy": 82.39333, "activity_lines": [ 18.206, 19.844455, 21.948881, 22.609129 ] }, { "date": "2025-12-05", "close": 19.934999, "volume": 4911, "typical_volume": 2283.95, "trend": 23.133, "fair_value": 29.560103, "relative_strength": -31.648009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.038099, "energy": 71.392407, "activity_lines": [ 18.657333, 19.603273, 21.644619, 22.390086 ] }, { "date": "2025-12-12", "close": 21.43, "volume": 4348, "typical_volume": 2360.05, "trend": 22.982333, "fair_value": 29.440295, "relative_strength": -25.679546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.765307, "energy": 37.162371, "activity_lines": [ 19.746666, 19.714909, 21.494524, 22.280215 ] }, { "date": "2025-12-19", "close": 22.139999, "volume": 1259, "typical_volume": 2422.9, "trend": 22.908, "fair_value": 29.294398, "relative_strength": -24.181371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.506246, "energy": 25.975151, "activity_lines": [ 20.836666, 20.023636, 21.438571, 22.225871 ] }, { "date": "2025-12-26", "close": 22.08, "volume": 4, "typical_volume": 2399.65, "trend": 22.833333, "fair_value": 29.147603, "relative_strength": -23.720165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.156897, "energy": 27.893235, "activity_lines": [ 21.559333, 20.359818, 21.392619, 22.172452 ] }, { "date": "2026-01-02", "close": 22.860001, "volume": 100, "typical_volume": 2281.25, "trend": 22.805333, "fair_value": 29.004846, "relative_strength": -21.664177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.815141, "energy": 24.467722, "activity_lines": [ 22.122333, 20.857273, 21.439524, 22.174172 ] }, { "date": "2026-01-09", "close": 23.66, "volume": 3909, "typical_volume": 2476.7, "trend": 22.855, "fair_value": 28.836, "relative_strength": -18.774339, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.768883, "energy": 21.92982, "activity_lines": [ 22.779333, 21.498182, 21.563857, 22.229312 ] }, { "date": "2026-01-16", "close": 25.440001, "volume": 2685, "typical_volume": 2561.7, "trend": 22.997, "fair_value": 28.671769, "relative_strength": -12.76095, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.187343, "energy": 36.497767, "activity_lines": [ 23.781334, 22.433091, 21.860095, 22.396086 ] }, { "date": "2026-01-23", "close": 25.629999, "volume": 2148, "typical_volume": 2669.1, "trend": 23.107667, "fair_value": 28.483885, "relative_strength": -12.249673, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.58224, "energy": 47.550177, "activity_lines": [ 24.579333, 23.265273, 22.160809, 22.565957 ] }, { "date": "2026-01-30", "close": 23.58, "volume": 892, "typical_volume": 2683.7, "trend": 23.128, "fair_value": 28.275808, "relative_strength": -19.832802, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.865326, "energy": 42.86391, "activity_lines": [ 24.461333, 23.566545, 22.263476, 22.59643 ] }, { "date": "2026-02-06", "close": 23.82, "volume": 6244, "typical_volume": 2828.65, "trend": 23.105667, "fair_value": 28.137026, "relative_strength": -19.191984, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.653224, "energy": 37.561965, "activity_lines": [ 24.323333, 23.769727, 22.402524, 22.641075 ] }, { "date": "2026-02-13", "close": 20.219999, "volume": 8579, "typical_volume": 3202.5, "trend": 23.032667, "fair_value": 28.007667, "relative_strength": -29.908734, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -17.804277, "energy": 11.110822, "activity_lines": [ 22.921333, 23.253818, 22.217809, 22.454903 ] }, { "date": "2026-02-20", "close": 20.440001, "volume": 14796, "typical_volume": 3911.35, "trend": 22.814, "fair_value": 27.899846, "relative_strength": -30.556176, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.455234, "energy": 28.675116, "activity_lines": [ 21.822, 22.772727, 22.073905, 22.287634 ] }, { "date": "2026-02-27", "close": 20.01, "volume": 14973, "typical_volume": 4620.2, "trend": 22.633, "fair_value": 27.783628, "relative_strength": -29.883891, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.582347, "energy": 38.052094, "activity_lines": [ 20.912667, 22.231455, 21.911571, 22.106731 ] }, { "date": "2026-03-06", "close": 18.625, "volume": 15115, "typical_volume": 5294.25, "trend": 22.387833, "fair_value": 27.673917, "relative_strength": -30.261114, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.697331, "energy": 50.631895, "activity_lines": [ 19.916333, 21.477091, 21.637524, 21.84815 ] }, { "date": "2026-03-13", "close": 16.745001, "volume": 19147, "typical_volume": 6220.2, "trend": 22.175333, "fair_value": 27.584141, "relative_strength": -34.99991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.232777, "energy": 78.128905, "activity_lines": [ 18.623667, 20.443727, 21.205976, 21.484097 ] }, { "date": "2026-03-20", "close": 15.32, "volume": 1703, "typical_volume": 6305.35, "trend": 21.880667, "fair_value": 27.491705, "relative_strength": -39.101481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.416308, "energy": 84.698439, "activity_lines": [ 17.327667, 19.262455, 20.66731, 21.041817 ] }, { "date": "2026-03-27", "close": 16.844999, "volume": 8345, "typical_volume": 6573.8, "trend": 21.6895, "fair_value": 27.399494, "relative_strength": -33.40703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.145566, "energy": 78.108663, "activity_lines": [ 16.866667, 18.510091, 20.305833, 20.716935 ] }, { "date": "2026-04-03", "close": 16.545, "volume": 9253, "typical_volume": 6390.1, "trend": 21.406333, "fair_value": 27.311064, "relative_strength": -36.131427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.835547, "energy": 76.376114, "activity_lines": [ 16.545333, 17.859455, 19.920762, 20.385032 ] }, { "date": "2026-04-10", "close": 17.030001, "volume": 6337, "typical_volume": 6511.7, "trend": 21.093333, "fair_value": 27.213821, "relative_strength": -37.496125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.463871, "energy": 63.227963, "activity_lines": [ 16.616667, 17.462182, 19.583714, 20.102688 ] }, { "date": "2026-04-17", "close": 21.459999, "volume": 3620, "typical_volume": 6418.4, "trend": 20.881, "fair_value": 27.136833, "relative_strength": -22.370414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.1876, "energy": 24.836652, "activity_lines": [ 18.271, 17.989455, 19.662643, 20.126344 ] }, { "date": "2026-04-24", "close": 19.66, "volume": 3176, "typical_volume": 6331.65, "trend": 20.723333, "fair_value": 27.031609, "relative_strength": -25.447299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.358749, "energy": 20.096473, "activity_lines": [ 19.011, 18.232364, 19.564476, 20.04757 ] }, { "date": "2026-05-01", "close": 20.57, "volume": 5501, "typical_volume": 6389.3, "trend": 20.57, "fair_value": 26.910135, "relative_strength": -21.649383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.564459, "energy": 21.66942, "activity_lines": [ 19.765, 18.650909, 19.554286, 20.037677 ] }, { "date": "2026-05-08", "close": 19.83, "volume": 3701, "typical_volume": 6511.4, "trend": 20.422667, "fair_value": 26.784654, "relative_strength": -24.771271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.183247, "energy": 24.892069, "activity_lines": [ 20.024, 18.932545, 19.477714, 19.989935 ] }, { "date": "2026-05-15", "close": 29.309999, "volume": 32630, "typical_volume": 8142.7, "trend": 20.628, "fair_value": 26.717731, "relative_strength": 12.049379, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.559437, "energy": 55.575126, "activity_lines": [ 23.224, 20.941091, 20.315, 20.563312 ] }, { "date": "2026-05-22", "close": 33.810001, "volume": 27892, "typical_volume": 9532.3, "trend": 20.996667, "fair_value": 26.693404, "relative_strength": 26.549198, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 93.880386, "energy": 92.478817, "activity_lines": [ 27.105333, 23.573545, 21.546429, 21.413763 ] }, { "date": "2026-05-29", "close": 37.130001, "volume": 12135, "typical_volume": 9943.6, "trend": 21.5, "fair_value": 26.696064, "relative_strength": 34.904741, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.653636, "energy": 97.295015, "activity_lines": [ 31.27, 26.499364, 23.041905, 22.454624 ] }, { "date": "2026-06-05", "close": 38.810001, "volume": 28, "typical_volume": 9810.75, "trend": 22.197333, "fair_value": 26.715583, "relative_strength": 41.867145, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.517847, "energy": 96.951491, "activity_lines": [ 34.830001, 29.334091, 24.633238, 23.571398 ] }, { "date": "2026-06-12", "close": 37.799999, "volume": 2127, "typical_volume": 9809.7, "trend": 22.893, "fair_value": 26.723148, "relative_strength": 33.778824, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.838567, "energy": 91.469227, "activity_lines": [ 36.837334, 31.585818, 26.064714, 24.578022 ] }, { "date": "2026-06-19", "close": 36.77, "volume": 477, "typical_volume": 9788.95, "trend": 23.5925, "fair_value": 26.735936, "relative_strength": 24.377499, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.579977, "energy": 88.848128, "activity_lines": [ 37.303333, 33.263818, 27.340143, 25.473312 ] }, { "date": "2026-06-26", "close": 35.84, "volume": 19, "typical_volume": 9477.7, "trend": 24.1115, "fair_value": 26.707795, "relative_strength": 23.243841, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.019555, "energy": 86.327619, "activity_lines": [ 36.962, 34.413818, 28.464191, 26.263473 ] }, { "date": "2026-07-03", "close": 37.119999, "volume": 19, "typical_volume": 9049.7, "trend": 24.684333, "fair_value": 26.692923, "relative_strength": 24.321551, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.026975, "energy": 66.978369, "activity_lines": [ 36.912, 35.535091, 29.652905, 27.102731 ] }, { "date": "2026-07-10", "close": 36.470001, "volume": 5057, "typical_volume": 8562.75, "trend": 25.185667, "fair_value": 26.661064, "relative_strength": 23.586557, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.005106, "energy": 63.38732, "activity_lines": [ 36.646, 36.220727, 30.699238, 27.863097 ] }, { "date": "2026-07-17", "close": 38.360001, "volume": 2363, "typical_volume": 7932.25, "trend": 25.726333, "fair_value": 26.647378, "relative_strength": 31.867233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.430253, "energy": 66.354197, "activity_lines": [ 37.166, 36.960909, 31.849238, 28.713054 ] }, { "date": "2026-07-24", "close": 38.16, "volume": 84, "typical_volume": 7180.7, "trend": 26.262333, "fair_value": 26.628981, "relative_strength": 29.325889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.024259, "energy": 65.19512, "activity_lines": [ 37.582, 37.327818, 32.89281, 29.515226 ] }, { "date": "2026-07-31", "close": 37.59, "volume": 70, "typical_volume": 6226.85, "trend": 26.753333, "fair_value": 26.623724, "relative_strength": 27.293362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.623424, "energy": 62.581937, "activity_lines": [ 37.715334, 37.430182, 33.789072, 30.246043 ] }, { "date": "2026-08-07", "close": 37.169998, "volume": 41, "typical_volume": 6143.75, "trend": 27.203667, "fair_value": 26.617442, "relative_strength": 22.142133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.101322, "energy": 61.571497, "activity_lines": [ 37.592, 37.387454, 34.546071, 30.918086 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }